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growth a growth that is actually compatible with the sustainability of our environment and the fight against climate change. now, what does that mean for us? i remind you that in 2013 the imf is certainly stronger, better equipped financially, has certainly refined some of its analytical tools. we will continue to strengthen our surveyance, peps on spillover -- especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training, technical assistance. in other words, we are not only serving the needs of a selected group of countries, but we serve the entire membership. and when you look at the map of the world and see where our teams are whether it's in capacity building, in technical assistance, in programs associated or not with financing, we are all over the map. and we will continue to push ahead with the important and yet not completed reform of quota and governance which, as you know, includes three stages, two of which are completed, the third one not yet. and cer
that in a classroom environment with just a discussion. >> that's very important dynamics. >> so game changer, shale gas, regulation, barriers, culture, skill but i will talk about the hormones. dominant, mckinsey issue is sort of the cutting edge of looking at not only global manufacturing trends, but also trains but also trains in which are described as advanced industry. and this interesting interplay of production innovation. how do you see the landscape? >> very much with what you said at the beginning, the context of what transit is a, i think it is a shift going on. i think maybe we should start by saying too many of us, love manufacturing into one big category. there are at least five categories. i won't bore you with our views. i think the tip of it is advanced manufacturing, which is more using the data advanced materials, its nanotechnology. it's the combination of many other things, the innovation, the capabilities that this country is superbly good, the cross-cultural capability and as you said, it only is roughly around 11-12% of gdp, but it's extremely important flywheel. it accounts
balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance. we are in three stages, two are completed. we are certainly short of a few members, one of which is obviously a key member. that is all everyone into open bar conference with. i will welcome yo
the question people ask is, can we see anything from the fourth quarter that will tell us what the environment in 2013 is like. i guess my answer to that would still be no. fiscal cliff issues, europe, the election, tropical storms, et cetera, and there's still no real clarity on what the business models, investment banking are going to look like as we head toward three. it's going to be much better numbers than a year ago. numbers are going to be slightly down versus the third quarter. and -- to my mind, there's still really nothing we'll be able to take away from the numbers in terms of -- >> which is frustrating because we're at a time when we are trying to re-evaluate what the model is going to be, what earnings will look like going forward. in your view, what is -- what is the investment case for these investment banks today? >> well, the investment case for an investment bank is that when they work very well, they are extremely capital -- if i advise a company and get a fee for ecm or m&a deal, it requires no capital, and i get a lot of money. that's very attractive. the second thing is
by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance. we are in three stages, two are completed. we are certainly short of a few members, one of which is obviously a key member. that is all everyone into open bar conference with. i w
Search Results 0 to 4 of about 5